"Dividend policy remains stable": CVS Health Board of Directors has approved a quarterly cash dividend of $0.665 per common share.

This dividend is consistent with the previous quarter, maintaining the company's usual payout level. **Dividend Record Demonstrates Financial Strength** As one of the largest healthcare service providers in the United States, CVS Health has maintained a stable dividend payment record for over a decade. Even during the pandemic, the company continued its quarterly payouts, demonstrating strong cash flow and financial resilience. Currently, the company's dividend yield is about 3.5%, higher than the S&P 500 average of 1.6%. **Diversified Business Supports Cash Flow** CVS Health generates stable revenue through its three main business segments: retail pharmacy, pharmacy benefit management (PBM), and health insurance. According to the Q4 2023 financial report, the company's revenue reached $93.5 billions, up 12% year-on-year. Management expects adjusted earnings per share for 2024 to be between $8.50 and $8.70, providing a solid foundation for continued dividend payments. **Industry Comparison and Investor Preference** In the healthcare sector, CVS Health's dividend policy is relatively conservative but reliable. Compared to its peers, its payout ratio remains at a moderate level of around 25%, ensuring shareholder returns while leaving room for business expansion. In the current interest rate environment, stable dividend-yielding stocks are favored by long-term investors.